IRIS Accounts Production v23.3.1.45 07867717 Board of Directors Board of Directors 1.1.22 31.12.22 31.12.22 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure078677172021-12-31078677172022-12-31078677172022-01-012022-12-31078677172020-12-31078677172021-01-012021-12-31078677172021-12-3107867717ns16:EnglandWales2022-01-012022-12-3107867717ns15:PoundSterling2022-01-012022-12-3107867717ns11:Director12022-01-012022-12-3107867717ns11:Director22022-01-012022-12-3107867717ns11:PrivateLimitedCompanyLtd2022-01-012022-12-3107867717ns11:SmallEntities2022-01-012022-12-3107867717ns11:AuditExempt-NoAccountantsReport2022-01-012022-12-3107867717ns11:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3107867717ns11:SmallCompaniesRegimeForAccounts2022-01-012022-12-3107867717ns11:FullAccounts2022-01-012022-12-310786771712022-01-012022-12-3107867717ns11:RegisteredOffice2022-01-012022-12-3107867717ns6:CurrentFinancialInstruments2022-12-3107867717ns6:CurrentFinancialInstruments2021-12-3107867717ns6:Non-currentFinancialInstruments2022-12-3107867717ns6:Non-currentFinancialInstruments2021-12-3107867717ns6:ShareCapital2022-12-3107867717ns6:ShareCapital2021-12-3107867717ns6:SharePremium2022-12-3107867717ns6:SharePremium2021-12-3107867717ns6:RevaluationReserve2022-12-3107867717ns6:RevaluationReserve2021-12-3107867717ns6:RetainedEarningsAccumulatedLosses2022-12-3107867717ns6:RetainedEarningsAccumulatedLosses2021-12-3107867717ns6:NetGoodwill2022-01-012022-12-3107867717ns6:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3107867717ns6:PlantMachinery2022-01-012022-12-3107867717ns6:NetGoodwill2021-12-3107867717ns6:NetGoodwill2022-12-3107867717ns6:NetGoodwill2021-12-3107867717ns6:PlantMachinery2021-12-3107867717ns6:PlantMachinery2022-12-3107867717ns6:PlantMachinery2021-12-3107867717ns6:WithinOneYearns6:CurrentFinancialInstruments2022-12-3107867717ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-31
REGISTERED NUMBER: 07867717 (England and Wales)










Big Fruit Cake Limited

Unaudited Financial Statements

for the Year Ended 31 December 2022






Big Fruit Cake Limited (Registered number: 07867717)






Contents of the Financial Statements
for the year ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Big Fruit Cake Limited

Company Information
for the year ended 31 December 2022







DIRECTORS: Mr S O Stevens
Ms B W Hughes





REGISTERED OFFICE: Pennant House
Ffordd Glandwr
Llangefni
Gwynedd
LL77 7EF





REGISTERED NUMBER: 07867717 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Big Fruit Cake Limited (Registered number: 07867717)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,500 26,950
Tangible assets 5 385,090 267,574
409,590 294,524

CURRENT ASSETS
Stocks 650 2,990
Debtors 6 807 807
Prepayments and accrued income (4,400 ) (6,600 )
Cash at bank 47 13,627
(2,896 ) 10,824
CREDITORS
Amounts falling due within one year 7 73,615 68,399
NET CURRENT LIABILITIES (76,511 ) (57,575 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,079

236,949

CREDITORS
Amounts falling due after more than one year 8 (164,625 ) (183,018 )

PROVISIONS FOR LIABILITIES (25,123 ) (3,657 )
NET ASSETS 143,331 50,274

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 39,151 39,151
Revaluation reserve 9 121,622 -
Retained earnings (17,542 ) 11,023
143,331 50,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Big Fruit Cake Limited (Registered number: 07867717)

Balance Sheet - continued
31 December 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2023 and were signed on its behalf by:




Ms B W Hughes - Director



Mr S O Stevens - Director


Big Fruit Cake Limited (Registered number: 07867717)

Notes to the Financial Statements
for the year ended 31 December 2022

1. STATUTORY INFORMATION

Big Fruit Cake Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Big Fruit Cake Limited (Registered number: 07867717)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 49,000
AMORTISATION
At 1 January 2022 22,050
Charge for year 2,450
At 31 December 2022 24,500
NET BOOK VALUE
At 31 December 2022 24,500
At 31 December 2021 26,950

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 January 2022 308,901
Revaluations 121,622
At 31 December 2022 430,523
DEPRECIATION
At 1 January 2022 41,327
Charge for year 4,106
At 31 December 2022 45,433
NET BOOK VALUE
At 31 December 2022 385,090
At 31 December 2021 267,574

Cost or valuation at 31 December 2022 is represented by:

Plant and
machinery
etc
£   
Valuation in 2022 121,622
Cost 308,901
430,523

Big Fruit Cake Limited (Registered number: 07867717)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 807 807

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 17,719 17,719
Hire purchase contracts 506 364
Trade creditors 4,563 3,741
Taxation and social security 13,997 4,879
Other creditors 36,830 41,696
73,615 68,399

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 119,625 133,018
Other creditors 45,000 50,000
164,625 183,018

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 60,454 66,886

9. RESERVES
Revaluation
reserve
£   
Property revaluation 121,622

At 31 December 2022 121,622

10. RELATED PARTY DISCLOSURES

The directors loaned money to the company on an unsecured and interest-free basis, with the amounts repayable on demand. The amount owed to S. O. Stevens Esq. at the beginning of the year was £14,204 with £9,905 outstanding at the end of the year. The amount owed to Ms B. W. Hughes at the beginning of the year was £25,013 with £22,861 outstanding at the end of the year.

The father of one of the directors loaned the company an unsecured interest-free loan, repayable on demand. The amount owed to Mr Hughes at the end of the year was £45,000.